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UK government scraps payment of 2010 carbon emission allowances, reports energy strategy consultancy Analysys Mason
Organizations across the UK will not have to purchase carbon emission allowances for the first year of the Carbon Reduction Commitment (CRC). The announcement today by the UK government follows its Consultation on the Draft Order to Implement the CRC.
David Eurin, Head of Energy Consulting at Analysys Mason said, “UK organizations will have to report on energy consumption and carbon emissions for the period 1 April 2010 to 31 March 2011, but will not have to purchase carbon emission allowances in July 2011. They will therefore benefit from not having to budget for two years’ worth of allowances.”
Other key changes stemming from the consultation include a longer-lasting impact of early metric actions, the possibility for large subsidiaries to report independently of their parent company, and a clearer definition of the public-sector bodies that need to participate. UK organizations now need to review their CRC strategy and implementation plans to ensure compliance.
CRC is a cap-and-trade scheme which seeks to reduce the energy consumption of large non-energy-intensive organizations in both the public and private sector in the UK. The start date of the CRC scheme has been confirmed as 1 April 2010.
Analysys Mason’s energy strategy consultants have been working with public- and private-sector clients across the UK and worldwide on key issues facing organisations in relation to carbon emission reduction and energy strategy.
Analysys Mason has designed specific reporting templates and a proprietary energy and carbon emission dashboard to help UK organizations ensure CRC compliance and better manage their energy efficiency initiatives. Screenshots of the templates and dashboard are available on our website, www.analysysmason.com/carbonreductioncommitment.
For more information, or to arrange an interview with our energy strategy consultants, please contact the press office on press@analysysmason.com or telephone +44 (0)1223 460600.
About Analysys Mason (www.analysysmason.com/carbonreductioncommitment)
Analysys Mason delivers strategy advice, operations support and market intelligence worldwide to leading public- and private-sector organizations in a range of sectors including telecoms, IT, media and energy. Analysys Mason consistently delivers significant and sustainable business benefits. We are respected worldwide for the exceptional quality of our work, our independence and the flexibility of our teams in responding to client needs. The company has over 250 staff worldwide, with headquarters in London and offices in Cambridge, Dubai, Dublin, Edinburgh, Madrid, Manchester, Milan, Paris, Singapore and Washington DC.
Media contact:
Gina Ghensi
Press Office
Analysys Mason
Tel: +44 (0)1223 460600
Email: press@analysysmason.com